Forex Breakout Strategy

Forex Breakout Strategy

What is a Forex Breakout Strategy? Forex breakout strategies are when a forex trader will look to buy or sell currency pairs when the price breaks through key price levels, mainly support and resistance. The market can tend to move significantly when price breaches important price levels which makes breakout trading a popular choice for investors of all experience levels. Those who are trading with a forex breakout strategy tend to use the 1-hour chart time frames and above as the support and resistance levels tend to have more importance, primarily due to the fact they are over a longer …READ MORE